Dr. Housing Bubble 08/21/14

[Crewleader]

Real Homes of Genius: A search for small homes in Culver City. High prices for 700 and 800 square feet of stucco box joy.

Southern California is truly a unique place. Once the family planning part of life takes place, people go into house lusting mode overdrive. The Viagra of house hunting is all those remodeling and house flipping shows. I’m sure many of you saw a recent study that showed the cost of raising one child to be somewhere close to $250,000. This is important because many people are paying sky-high housing costs to own a home in areas with crappy or mediocre schools. They will need to send their kids to private school if they want to provide them an education that a $700,000 crap shack would entail. Maybe they’ll take a class on economic history and how following the herd is rarely a sound foundation. Also, with the cost of attending college setting new records, what will it cost when those young kids of today go to college in 17 or 18 years? They rarely factor in these future costs when they purchase a home. Why think about that when squeezing every last nickel into a mortgage payment is the dream of many SoCal residents? Screw retirement planning or focusing on the true cost of raising a family, the ultimate goal is own that prime location home. You better make sure you have extra room for when those kids boomerang back onto your Taco Tuesdays and Karaoke Fridays. Set a nice seat and plate for the Fancy Feast weekends. Let us go shopping for some homes in Culver City!

The small and the restless

I love it when I post some of the current examples of homes in Southern California and get e-mails from folks outside of the region. “Are you people insane?” or “I can’t believe people are willing to pay this price for THAT!” But people do. Boom and bust folks. The past never happened. Those millions that got screwed in the last bust are like the failed Hollywood movie of yesterday. People are eager to be part of this new Blockbuster! Of course the housing market has slowed down and sales are dropping while prices are stagnating during the hot and steamy summer months.

Let us take a look at a couple of homes on the market in Culver City:



http://www.doctorhousingbubble.com/culver-city-homes-culver-city-small-real-estate-housing/#more-7638